Insight Folios Inc Has $361,000 Stock Holdings in Norfolk Southern Co. (NYSE:NSC)

Insight Folios Inc boosted its stake in shares of Norfolk Southern Co. (NYSE:NSC) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,416 shares of the railroad operator’s stock after purchasing an additional 51 shares during the period. Insight Folios Inc’s holdings in Norfolk Southern were worth $361,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NSC. American Century Companies Inc. increased its stake in shares of Norfolk Southern by 69.0% during the third quarter. American Century Companies Inc. now owns 2,723,398 shares of the railroad operator’s stock worth $536,319,000 after purchasing an additional 1,112,261 shares during the period. Morgan Stanley increased its stake in Norfolk Southern by 3.2% during the 3rd quarter. Morgan Stanley now owns 2,385,434 shares of the railroad operator’s stock worth $469,764,000 after acquiring an additional 73,149 shares during the period. Norges Bank bought a new position in Norfolk Southern during the 4th quarter worth $556,797,000. London Co. of Virginia increased its stake in Norfolk Southern by 41.2% during the 3rd quarter. London Co. of Virginia now owns 1,976,871 shares of the railroad operator’s stock worth $389,305,000 after acquiring an additional 577,171 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Norfolk Southern by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,296,632 shares of the railroad operator’s stock worth $306,498,000 after acquiring an additional 38,080 shares during the period. 75.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Norfolk Southern

In other Norfolk Southern news, Director Claude Mongeau acquired 5,650 shares of the stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average cost of $221.00 per share, with a total value of $1,248,650.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $4,420,000. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, Director Sameh Fahmy bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $219.25 per share, with a total value of $438,500.00. Following the transaction, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $1,534,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Claude Mongeau bought 5,650 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of $221.00 per share, with a total value of $1,248,650.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $4,420,000. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on NSC. Susquehanna lowered their price objective on Norfolk Southern from $265.00 to $245.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 25th. Barclays reduced their target price on Norfolk Southern from $305.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Wells Fargo & Company reduced their target price on Norfolk Southern from $270.00 to $260.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. The Goldman Sachs Group raised their target price on Norfolk Southern from $252.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, UBS Group reduced their target price on Norfolk Southern from $302.00 to $294.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Norfolk Southern currently has a consensus rating of “Moderate Buy” and an average price target of $262.89.

Norfolk Southern Trading Up 0.3 %

NYSE:NSC traded up $0.75 during trading hours on Thursday, hitting $216.30. 410,016 shares of the company were exchanged, compared to its average volume of 1,100,940. The stock has a market capitalization of $48.86 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.03 and a beta of 1.32. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.37. Norfolk Southern Co. has a one year low of $183.09 and a one year high of $263.66. The company has a fifty day simple moving average of $225.50 and a 200 day simple moving average of $238.60.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Wednesday, April 24th. The railroad operator reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.58 by ($0.09). The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.05 billion. Norfolk Southern had a return on equity of 19.61% and a net margin of 11.76%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.32 earnings per share. Sell-side analysts expect that Norfolk Southern Co. will post 11.88 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 3rd were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, May 2nd. Norfolk Southern’s dividend payout ratio (DPR) is presently 86.96%.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.